Before you break your CD
Find the terms.
See the dollar cost.
Search your bank or credit union for CD withdrawal sources and reviewed penalty rules. If we haven’t verified the applicable terms, the calculator requires your own disclosure inputs.
Find your institution
8,424 matching institutions · Reviewed rules appear first
ORLEANS PARISH SHERIFF'S
LA · Credit union
ORLEX GOVERNMENT EMPLOYEES
VT · Credit union
ORNL
TN · Credit union
Orrstown Bank
PA · Bank
OSB Community Bank
IL · Bank
Osgood Bank
OH · Bank
OSHKOSH COMMUNITY
WI · Credit union
OSWEGO COUNTY
NY · Credit union
OSWEGO TEACHERS EMPLOYEES
NY · Credit union
OTEEN V. A.
NC · Credit union
OTERO
NM · Credit union
OTIS
ME · Credit union
OTOE-MISSOURIA
OK · Credit union
OTTAWA HIWAY
IL · Credit union
OU
OK · Credit union
OUACHITA VALLEY
LA · Credit union
OUCU FINANCIAL CREDIT UNION, INC.
OH · Credit union
OUR
MI · Credit union
OUR COMMUNITY
WA · Credit union
OUR FAMILY SOCIAL
NE · Credit union
OUR LADY OF SNOWS
MO · Credit union
OUR MOTHER OF MERCY PARISH HOUSTON
TX · Credit union
Outdoor Bank
KS · Bank
OUTREACH
TN · Credit union
Owen County State Bank
IN · Bank
OWENSBORO
KY · Credit union
Owingsville Banking Company
KY · Bank
OXFORD
ME · Credit union
Oxford Bank
MI · Bank
OZARK
MO · Credit union
Ozark Bank
MO · Bank
Ozarks Federal Savings and Loan Association
MO · Bank
Ozona Bank
TX · Bank
PAAC TRANSIT DIVISION
PA · Credit union
PACE
WV · Credit union
PACE RESOURCES
PA · Credit union
Pacific Alliance Bank
CA · Bank
PACIFIC CASCADE
OR · Credit union
Pacific Coast Bankers' Bank
CA · Bank
PACIFIC CREST
OR · Credit union
Pacific Crest Bank
WA · Bank
PACIFIC HORIZON
UT · Credit union
Pacific National Bank
FL · Bank
PACIFIC N W
OR · Credit union
PACIFIC SERVICE
CA · Credit union
Pacific Valley Bank
CA · Bank
PAGODA
PA · Credit union
PAHO/WHO
VA · Credit union
PAHRANAGAT VALLEY
NV · Credit union
PAINESVILLE CREDIT UNION
OH · Credit union
What would closing your CD cost?
FREE · NO SIGN-INEstimate a full principal withdrawal before maturity. Amounts stay in this page and are not sent to TFS. Your institution must confirm eligibility and the final redemption quote.
The decision behind the calculator
Should you break a CD for a higher rate?
First, find the penalty in the agreement for your exact CD and opening date. A schedule published today may differ from the one that governs your account. Check whether the bank allows early withdrawal and whether the charge can reduce principal.
Then compare both choices at the same future date: what your current CD would be worth at maturity, and what the proceeds after its penalty could earn elsewhere by then. Use the contractual interest rate to estimate an interest-based penalty; use APY only for the future-growth comparison.
An illustrative $10,000 CD
Suppose your agreement specifies 180 days of simple interest as the penalty, a 365-day basis, and a 4% contractual rate. With no interest available on withdrawal, the estimated charge is $197.26 if the bank permits it to reduce principal.
With one year left, a current 4% APY would grow $10,000 to about $10,400. Reinvesting the $9,802.74 proceeds at 5% APY would grow to about $10,292.88. In this example, holding wins by about $107.12.
Illustration only, not a bank-specific rule or quote. It assumes constant APYs, immediate reinvestment, and no taxes, transfer delays, or other fees.
Why your exact product matters
Penalty periods, principal reductions, partial withdrawals, and maturity grace periods can differ within one bank. Current advertised terms may not apply to an older CD. We link to sources and withhold bank-specific defaults when verification expires or a source changes.
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